Turks and Caicos Islands Exempt Company

Turks and Caicos offshore companies and business entities offer a suite of other advantages including full exemption from many taxes. As such, Turks and Caicos offshore companies are exempt from tax on capital gain, income tax on corporate tax on profits, estate tax, gift tax, death tax and transfer tax. These tax exemptions are applicable to offshore companies as well as to shareholders. Turks and Caicos offshore banks, offshore trusts and offshore insurance companies are beneficiaries to the same exemptions but are all required to operate in accordance with the rules established by their respective governing laws and meet varying capital and licensing requirements.